The global spinal surgery devices market size was valued at USD 12.4 billion in 2021, growing at a CAGR of 5.1% during the forecast period 2022-2028. During surgery, physicians employ spinal implants to address deformities, stabilize and reinforce the spine, and enable fusion. Degenerative disc disease, scoliosis, kyphosis, spondylolisthesis, and fracture are among conditions that can be addressed by spinal implants. Different materials, also including titanium, titanium-alloy, stainless, and polymers, can be used to make spinal implants. Titanium implants are preferred by surgeons and healthcare experts all over the world due to their exceptional qualities. Titanium is a robust, lightweight, and long-lasting material that can be imaged via MRI (magnetic resonance imaging). Surgery Devices come in a variety of sizes and forms, and some can be moulded throughout surgery to fit the anatomy of the individual. Several implants, also including cervical plates, have a low profile, which means they aren't bulky and sit flush against anatomy of the spine. A substance that stimulates fusion can be applied to pedicle screws.
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The number of spinal surgeries and abnormalities has increased over the years, which is a major driving force for the global spinal implants and surgical devices market. Technology in the field of spine surgery is constantly changing. The introduction of sophisticated bone grafting products is also likely to boost consumer needs. With increased public awareness, the acceptance of minimally invasive surgical operations is on the rise, which will have a beneficial impact on the market. Certain constraints and problems, on the other hand, are likely to stifle market expansion. During the projection period, the increased cost of spinal surgery, as well as unexpected results and the concern of surgery failure, are projected to restrain market expansion.
The global Spinal Surgery Devices Market Segmentation:
1) By type of product: Spine Biologics, Spinal Decompression, Vertebral Compression Fracture Treatment Products, Non-Fusion, Fusion (Spinal Bone Stimulators, Spine Fusion and Fixation).
2) By End-Eser: Hospitals, Ambulatory Surgical Centers, Others.
North America now leads the spinal surgery device industry, and this dominance is projected to last for another few years. Due to the growing number of Americans ailing from lower back disorders each year, the United States has the highest proportion of the market. The government has taken various efforts as a result of the aging population and increased medical issues, presenting several prospects for this industry.
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Some of the major players working in spinal surgery devices market, which include DePuy Synthes spine (Johnson & Johnson Services, Inc) (U.S.), K2M, Inc. (U.S.), Globus Medical, Inc. (U.S.), Zimmer Biomet Holdings Inc. (U.S NuVasive, Inc. (U.S.)), Medtronic Plc (U.S.), Stryker Corporation (U.S.), CTL Medical Corporation (U.S.), Invibio Biomaterial Solutions (U.K.)
Related Report:
http://www.emailwire.com/release/1141020-Spinal-Muscular-Atrophy-Treatment-Market-Strategies-Competitive-Landscape-20222028.html
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